This should be required reading for new investors, drooling over the great cashflow they will make buying crappy houses in crappy neighborhoods that attract crappy tenants.

I had a few houses that lost about 30k in equity overnight in the area (had been considering selling to do a 1031 into some new builds, but that turned into a less attractive idea after the equity drop).

Meaning how to attract the type of people you want to your STR listings and how the heck you are supposed to know if there is a market for your type of "customer" in the area you are investing.

Their 100% LTC is attractive, but their rates might be on the higher end for short-term loans.Lima One Capital: A solid option, especially for more experienced lenders.

Comments are disabled, yeah I know they mostly attract trolls, but maybe they would include some amens?

Think lakefront properties in small towns, destinations with new attractions (casinos, amusement parks)...Another idea is investing in properties suitable for accessory dwelling units to create dual-income setups, especially in cities with relaxed ADU regulations.

The market is saturated with STR's further from the beach and attractions, so my advice is to be picky about your location and underwrite the numbers carefully to make sure the investment will be profitable. 

They are cash flow positive and have over 1B in assets ( net is close to 350million ) I’m only thinking that the seller wanted to make it attractive to sell his building having no renewal option which can give some leverage to new owner.

Spanaway, DuPont, and Yelm are areas I'd consider if you want to attract those working in Tacoma/Olympia and living further out as well.The new fast ferry from Bremerton and Kingston is making the peninsula a more viable option.

A steady annual growth rate, diverse industries, and affordable living attract residents.